MGE ENERGY INC

Ticker: MGEE CUSIP: 55277P104 Class: EQTY

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

Note: Option positions (PUT/CALL) are excluded.

Q1 2015

Shares 59,057 Value ($000) $2,617 Avg Close $35.01 Range $32.21 - $37.76

Q4 2014

Shares 54,664 Value ($000) $2,493 Avg Close $33.97 Range $29.13 - $37.78

Q3 2014

Shares 54,664 Value ($000) $2,037 Avg Close $30.43 Range $29.03 - $31.79

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	59,057	$2,617	$35.01	$32.21 - $37.76
Q4 2014	54,664	$2,493	$33.97	$29.13 - $37.78
Q3 2014	54,664	$2,037	$30.43	$29.03 - $31.79